Site icon VMVirtualMachine.com

China Halts Broadcom (NASDAQ:AVGO) Merger Review – TipRanks.com

China Halts Broadcom (NASDAQ:AVGO) Merger Review – TipRanks.com
Spread the love


For the last several weeks now, Broadcom (NASDAQ:AVGO) has been working to buy VMware (NYSE:VMW), in a deal valued at $61 billion. The move has not been met kindly by government regulators, and was under close scrutiny. However, Broadcom is up slightly in Wednesday afternoon’s trading after China’s antitrust operations halted their review pending some new “remedy talks.”

The State Administration for Market Regulation in China objected to the Broadcom/VMware deal on several…



Source link

Exit mobile version